TORONTO, March 28,
2024 /CNW/ - Horizons ETFs Management
(Canada) Inc. (the
"Manager") previously announced, by way of a press release
dated January 19, 2024, that the
exchange traded funds (the "ETFs") listed in the table below
would be delisted from the Toronto Stock Exchange or Cboe Canada,
as applicable at the close of business on March 22, 2024, and terminated effective upon the
close of business today, March 28,
2024. The ETFs' final net asset value ("NAV"),
distribution and termination proceeds per security are as
follows:
|
ETF
|
Ticker
|
Ex-Distribution
NAV
per
security
|
Income
Distribution
per
security
|
Final Net
Proceeds of
Termination
per
security
|
Currency of
Final NAV
|
Exchange
|
|
Horizons Tactical
Absolute Return Bond ETF – Total Return Series
|
HARB
|
10.12123858
|
-
|
10.12123858
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons Tactical
Absolute Return Bond ETF – Dividend Series
|
HARB.J
|
8.68604280
|
-
|
8.68604280
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons Tactical
Absolute Return Bond ETF – Unhedged Total Return Series
|
HARB.U
|
8.23630226
|
-
|
8.23630226
|
USD
|
Toronto Stock
Exchange
|
|
Horizons Absolute
Return Global Currency ETF
|
HARC
|
24.11544571
|
-
|
24.11544571
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons Active
Ultra-Short Term US Investment Grade Bond ETF
(1)
|
HUF.U
HUF
|
9.92229178
|
0.15953851
|
10.08183029
|
USD
|
Toronto Stock
Exchange
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
7.58885187
|
-
|
7.58885187
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
8.66217545
|
0.08695405
|
8.74912950
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons US Marijuana
Index ETF (2)
|
HMUS
HMUS.U
|
8.32709033
|
-
|
8.32709033
|
CAD
|
Cboe Canada
|
|
Horizons Psychedelic
Stock Index ETF
|
PSYK
|
6.55444313
|
-
|
6.55444313
|
CAD
|
Cboe Canada
|
|
Horizons Global BBIG
Technology ETF (3)
|
BBIG
BBIG.U
|
27.34301760
|
-
|
27.34301760
|
CAD
|
Toronto Stock
Exchange
|
|
Horizons Global
Hydrogen Index ETF
|
HYDR
|
8.75179922
|
-
|
8.75179922
|
CAD
|
Toronto Stock
Exchange
|
|
|
(1) Proceeds
for the Horizons Active Ultra-Short Term US Investment Grade Bond
ETF are paid in U.S. dollars, including those listed under the
Canadian dollar-traded ticker HUF. For securityholders who hold the
Canadian dollar-traded HUF, the securityholder's account holder
will typically convert distribution payments to Canadian
dollars.
|
|
|
(2) Proceeds
for the Horizons US Marijuana Index ETF are paid in Canadian
dollars, including those listed under the US dollar-traded ticker
HMUS.U. For securityholders who hold the U.S. dollar traded HMUS.U,
the securityholder's account holder will typically convert
distribution payments to U.S. dollars.
|
|
|
(3) Proceeds
for the Horizons Global BBIG Technology ETF are paid in Canadian
dollars, including those listed under the US dollar-traded ticker
BBIG.U. For securityholders who hold the U.S. dollar traded BBIG.U,
the securityholder's account holder will typically convert
distribution payments to U.S. dollars.
|
Securityholders will receive the proceeds from the liquidation
of the assets, less all liabilities and all expenses incurred in
connection with the dissolution of the applicable ETF(s). These
proceeds will be paid to the holders of the remaining outstanding
securities of the applicable ETF(s) on a pro-rata basis, at the
rate shown above, without further action by those
securityholders.
Income distributions, if any, are indicated in the table above.
The net proceeds of termination paid to each securityholder is the
sum of the ex-distribution NAV per security plus the income and
capital gains distributions per security indicated in the table
above and represents the remaining net assets of the applicable
ETF(s).
About Horizons ETFs Management
(Canada)
Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company with one of the largest suites of exchange traded
funds in Canada. The Horizons ETFs
product family includes a broadly diversified range of solutions
for investors of all experience levels to meet their investment
objectives in a variety of market conditions. Horizons ETFs
currently has more than $30 billion
of assets under management and 108 ETFs listed on major Canadian
stock exchanges. Horizons ETFs is a wholly owned subsidiary of the
Mirae Asset Financial Group, which manages approximately
$710 billion of assets across 19
global markets around the world.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products managed
by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded
Products"). The Horizons Exchange Traded Products are not
guaranteed, their value changes frequently and past performance may
not be repeated. Certain Horizons Exchange Traded Products may have
exposure to leveraged investment techniques that magnify gains and
losses and which may result in greater volatility in value and
could be subject to aggressive investment risk and price volatility
risk. Such risks are described in the prospectus. The prospectus
contains important detailed information about the
ETF. Please read the relevant prospectus before
investing.
SOURCE Horizons ETFs Management (Canada) Inc.